Maersk Makes 7th Startup Investment in Food Waste, Supply Chain Software Spoiler Alert

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Posted October 25, 2018

Spoiler Alert, a software and professional services startup that helps food businesses manage unsold inventory and reduce food waste, has raised a strategic round of funding from Maersk Growth, the venture arm of the world’s largest transporter of food.

Early-stage food and ag investors Valley Oak Investments and food system-focused investor Acre Venture Partners also participated in the round, as well as multiple undisclosed investors. The bridge round follows an earlier $2.5 million seed round in 2016 and precedes an expected Series A in 2019.

This marks the seventh investment for Maersk Growth, which has invested in grain monitoring tech Telesense, Blockchain of Food startup, Sensor Transport and LoadSmart alongside two more that are as yet undisclosed Peter Jorgensen, venture partner, told AgFunderNews.